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Broker awaiting trial on embezzlement charges

legal

The Financial Conduct has secured a bankruptcy order against Arthur Temlett.

In January 2025 the watchdog took action to stop Temlett, trading as Abacus Insurance Consultants, from carrying out any regulated activities, including acting as an insurance broker.

It had concerns that he may have sold home and motor insurance without passing premium payments on to the insurance provider.

The broker was first authorised on 29 April 1988 and had been operating in the Dumfries and Galloway area as a sole trader.

In February last year the Financial Services Compensation Scheme

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